Properties

Features
: Central Air
: Electric to Site , Natural Gas Available , Water Available
Address Map
US
IL
Cook
Chicago
60634
Narragansett
2948-2958
Avenue
W88° 12' 50.5''
N41° 56' 17.1''
W on Belmont, S on Narragansett on W end of 2900-3000 block
CHI - Belmont Cragin
N
COMMR
Additional Information
13862
Auto Service
: Brick , Wood
: Commercial
125X120
Commercial,Condominium,Industrial,Office,Multi-Family,Single Family,Retail,Special Use
1
ALLURE Real Estate
Cecil Sabu
Financial
18859.4
Listing Information
Adam Lenchner
896082
85102
ALLURE Real Estate
871114
85102
Active
2026-04-25T09:06:51Z
MRED
2026-01-18T06:05:38Z
Property Description

Rare opportunity to acquire an operating tow yard business and a multi-site Chicago real estate portfolio featuring three properties: 2958 N Narragansett Ave (Montclare tow yard/commercial site), 2948 N Narragansett Ave (adjacent income-producing two-flat), and 11629 S Green St (West Pullman industrial yard). The combined real estate value is appraised at $2,500,000, with the tow yard business valued at $1,000,000 (structured to support SBA financing eligibility, subject to lender requirements). Montclare – High-Visibility Commercial Corner + Yard: Situated on a signalized, high-traffic corner on Narragansett Avenue, the commercial parcel totals approximately 11,250 SF (approx. 90′ x 125′) and is improved with an approx. 2,500 SF one-story masonry/frame building (automotive/heavy commercial highest & best use). Features include 16′ clear ceiling heights, two oversized drive-in doors, climate-controlled office, fully fenced yard, and multiple access points from Narragansett, Wellington, and the rear alley, with full utilities (water/sewer/gas/electric). 2948 N Narragansett – Renovated Two-Flat (Income + Upside): Fully updated 2-unit building (approx. 2,837 GBA, low effective age) featuring a 3BR duplex and 1BR garden unit generating an estimated $3,100/month gross market rent (incl. water/sewer). Premium finishes include granite/marble surfaces, heated bathroom floors, luxury shower features, central A/C, hot water baseboard heat, tankless water heater, deck space, and a detached 2-car garage. Assemblage: The combined Narragansett parcels provide approximately 15,000+ SF with 120′ of frontage, corner visibility, and strong redevelopment/expansion potential. West Pullman – Industrial Zoned Yard & Building: 11629 S Green St is zoned M2-1 Light Industry and includes an approx. 8,525 SF one-story masonry industrial building (c.1956) on a 51,563 SF / 1.18-acre fenced site ideal for secure storage/parking. Improvements include approx. 18′ clear ceilings, two overhead doors, ceiling-hung heat, and office area with gas forced air & central A/C plus kitchen and two bathrooms. Utilities available; FEMA Zone X. Excellent regional access via I-57 (119th St) and nearby Halsted routes. Ideal for owner-users or investors seeking business + real estate, income, and industrial/commercial flexibility.

Business Opportunity For Sale

2948-2958 N Narragansett Avenue, Chicago, Illinois 60634

$3,500,000
Listing ID#12530568
QR Code
Basic Details
Property Type : Business Opportunity
Listing Type : For Sale
Listing ID : 12530568
Price : $3,500,000
Listing Status : Active
Roof : Rubber
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